The US Dollar held on to overnight gains as markets recalibrate risks of an economic slowdown in the West against a re-opening of China. Will the DXY index (USD) rally?
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Australian Dollar Steady Despite GDP Disappointment. Where to for AUD/USD?
The Australian Dollar was little changed in the aftermath of underwhelming third quarter domestic GDP data and revisions lower of previous estimate. Will AUD/USD sink?
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A VIX ‘Breakout’, Heavy Dollar Technicals, BOC Volatility and Recession Signals
The markets carried over greater market activity this past session with the VIX clearing its two-month descending channel and the S&P 500 extending its slide; but systemic trends will still be difficult to form from here. Yet, that doesn’t preclude volatility in ranges like the Dollar-majors or from event risk like a BOC hike.
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S&P 500, Nasdaq, Dow: Key Support Zones Now in Play
The high-flying Dow has pulled back to support at a prior swing-high, and the Nasdaq is brewing a double top formation.
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USDCAD May Not Be the Most Responsive Loonie Cross to the BOC Decision
The Bank of Canada rate decision is on tap for Wednesday, and there is debate around what the central bank intends to do with its policy. USDCAD will be a focus for many monitoring this higher profile event, but there are probably more volatile Loonie crosses to follow.
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